Swiss National Bank to do a test on digital currency

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Swiss National Bank to do a test on digital currency
Swiss National Bank to do a test on digital currency

The chairman of the SNB announced that the Central Bank Digital Currency would be released sooner rather than later, but no exact date has been put forth by the bank

The upcoming launch of a Swiss CHF-based Central Bank Digital Currency (CBDC) was announced during the Point Zero Forum banking conference held in Zurich yesterday by Thomas Jordan, the chairman of the Swiss National Bank (SNB).

The chairman of the SNB announced that the Central Bank Digital Currency would be released sooner rather than later, but no exact date has been put forth by the bank. This seems in line with earlier statements from the BIS, which often works closely with the SNB, that it planned to have a working prototype ready by mid-2023 as part of Switzerland’s research into cryptocurrencies, codenamed Project Tourbillon.

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